Maine Special Olympics

Analysis

Maine Special Olympics is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maine Special Olympics reported income of $2.1m and spending of $1.3m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 57% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maine Special Olympics sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Snowbird Sports Education Foundation Inc ($2.1m), Friends Of@sauk Prairie Parks and Recreation Inc ($2.1m) and Greater San Antonio After-School All Stars ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $152k (12% of expenses). Other salaries and wages came to $382k. At year end it held assets of $10.8m against liabilities of $240k, net assets of $10.6m. It reported 12 employees.